📝 One-liners · 66 cards
Creation, Registration and Satisfaction of Charges
(True/False) A charge under Sec. 2(16) of the Companies Act 2013 includes a mortgage?
TRUE — The definition is inclusive.
What is the statutory definition of 'charge' under Sec. 2(16) of the Companies Act 2013?
Interest or lien on company property/assets as security, includes mortgage.
(True/False) A corporate guarantee issued by a holding company is a registrable charge under Sec. 77?
FALSE — It is a contract of guarantee, not a charge on assets.
What is the primary consequence of failing to register a charge with the RoC?
Charge becomes void against liquidator, third parties, and other creditors.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Creation, Registration and Satisfaction of Charges.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days